Quality Power Electrical Equipments Limited is engaged in the business of energy transition equipment and power technologies. The company provides high-voltage electrical equipment and solutions for grid connectivity and energy transition, specializing in power products across generation, transmission, distribution, and automation sectors.

The company manufactures critical high-voltage equipment for High Voltage Direct Current (HVDC) and Flexible AC Transmission Systems (FACTS) networks, enabling energy transition from renewable sources to power grids.

With over 20 years of experience, the company offers reactors, transformers, converters, and grid interconnection solutions globally. The company operates manufacturing facilities in Sangli, Maharashtra, and Aluva, Kerala. In 2011, it acquired 51% of Endoks, a Turkey-based subsidiary with design, assembly, and project management capabilities.

For the year/period ended (Rs. in Cr.)

For year/ period ended ( in Cr.)

• Global energy transition and power technology player catering to diverse industry segments and poised to benefit out of global shift towards decarbonisation and adoption of renewable energy
• Demonstrated track record of growth and financial performance
• Diversified customer base of global businesses with long lasting relationships
• Comprehensive product portfolio in the energy transition equipment and power technologies sector in India and abroad with high trade barriers
• Demonstrated record of strategic acquisitions along with enhanced order book contributing to growth
• Research and development capabilities to offer future ready solutions
• Management team with domain experience

1. Payment of the purchase consideration for the acquisition of Mehru Electrical and Mechanical Engineers Private Limited
2. Funding capital expenditure requirements of the Company for purchase plant and machinery
3. Funding inorganic growth through unidentified acquisitions and other strategic initiatives
4. General Corporate Purposes.

The Company is an emerging Indian player in critical energy transition equipment and power technologies. It marked 75% plus average global revenue in its top lines for the reported periods. Based on its recent financial performance, the issue appears reasonably priced. Hence, Investors may subscribe this issue for medium to long term.